Smaller sub-penthouse will get under-asking supply

Ali Topan
Smaller sub-penthouse will get under-asking supply

888 Homer St., No. 3201, Vancouver, B.C.

Asking value: $1.138 million (June 15, 2022)

Promoting value: $1.120 million (June 16, 2022)

Earlier sale value: $898,000 (2016); $820,000 (2015); $629,900 (2011)

Days on market: 2

Taxes: $3,176.76 (2021)

Month-to-month upkeep payment: $468

Itemizing agent: Paul Albrighton, Re/Max Crest Realty

The Motion

There are two loos, an workplace nook with customized millwork, kitchen island with waterfall counter, stacked laundry, upgraded wooden flooring and a balcony.Re/Max Crest Realty

Itemizing agent Paul Albrighton confirmed the unit to a number of teams as quickly because it was listed. The proprietor determined to work with the primary supply because it had very enticing phrases, Mr. Albrighton says.

“Usually sub-penthouse condos can be fairly massive, at 1,100 plus sq. ft, and be priced at over $1.5-million. With the present market situations, a list should be properly introduced and supply distinctive options and have a sexy value.”

The proprietor had paid $898,000 for the property in early 2016.

What they received

The unit comes with a two-car non-public storage and the constructing has a rooftop patio, health club, full-time concierge and lounge. Leases are permitted.Re/Max Crest Realty

The sub-penthouse unit is at The Beasley in downtown Vancouver, a 2011 growth within the Yaletown neighbourhood.

The 849 square-foot unit has metropolis and water views, with an open idea residing space and floor-to ceiling home windows. The 2 bedrooms are at reverse ends of the unit for privateness. There are two loos, an workplace nook with customized millwork, kitchen island with waterfall counter, stacked laundry, upgraded wooden flooring and a balcony.

The unit comes with a two-car non-public storage and the constructing has a rooftop patio, health club, full-time concierge and lounge. Leases are permitted.

The Agent’s Take

The 849 square-foot unit has metropolis and water views, with an open idea residing space and floor-to ceiling home windows.Re/Max Crest Realty

“Though it bought rapidly, the worth was consistent with the market on the time,” Mr. Albrighton mentioned. “Additionally, it was a singular property with nice views, a personal storage, and a pleasant, wider structure and patio house. This sort of unit doesn’t normally exist on excessive flooring, so the precise buy value was enticing for the options it supplied, despite the fact that a smaller unit.”

The sale accomplished on Aug. 30.

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